Meet the Creator: FX5
If you're looking to enhance your trading strategy, check out the FX5 Self-Adjusting MFI Indicator designed for MetaTrader 5. This nifty tool uses a Money Flow Index (MFI) oscillator with overbought and oversold boundaries represented as Bollinger Bands, giving you a clear visual cue for potential trade opportunities.
Key Features of the FX5 Self-Adjusting MFI
Here’s a quick rundown of the input parameters you can tweak to make this indicator work for you:
- Length:
input uint Length=12;// MFI period - Volume Type:
input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK;// Volume measurement - Bands Deviation:
input double BandsDeviation=2.0;// Deviation setting - Smoothing Option:
input bool MA_Method=true;// Enable smoothing for Bollinger Bands - Shift:
input int Shift=0;// Horizontal shift in bars
Fig.1. The FX5_SelfAdjustingMFI indicator
With the FX5 Self-Adjusting MFI, you'll be better equipped to spot trends and make informed trading decisions. Give it a try and see how it fits into your trading toolkit!
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